Arrange the following steps in the correct order to analyze the corn market dynamics: A) Identify the equilibrium price and quantity, B) Draw the supply and demand curves, C) Analyze shifts in demand due to external factors, D) Determine the marginal cost and average total cost.

To analyze the corn market dynamics, you should first draw the supply and demand curves (B). This visual representation helps you understand how much corn is being supplied and how much is being demanded at different prices. Next, you can identify the equilibrium price and quantity (A), which is where the supply and demand curves intersect, showing the price at which corn is sold in the market. After that, it's important to analyze shifts in demand due to external factors (C), such as changes in consumer preferences or weather conditions affecting corn production. Finally, determining the marginal cost and average total cost (D) will help you understand the costs involved in producing corn and how they affect pricing decisions in the market.